The NZDUSD is trading at 0.6863, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the signal lines at 0.6855, and then a fall to 0.6900, which will be confirmed in case the price bounces off the head-and-shoulders neckline.
The rise may be prevented in case price breaks out the lower boundary and closes below 0.6825, which will be a signal for a further fall to 0.6720.
Orgin: RoboForex
